(Best Syndication News) Markets in the United States opened lower nearly one percent before an announcement from the Federal Reserve turned equities higher (see the stock charts below). Negative European sovereign debt sentiment and a down-day on most exchanges in Europe, helped fuel early losses, but that changed later in the day.

After the closing bell, Netflix, Inc. (NASDAQ:NFLX) announced their last quarter earnings. The share price skyrocketed nearly 16 percent on much better-than-expected news. The company still faces strong competition in the streaming video business from Amazon while Verizon and other internet providers consider entering the business.

Large-Cap Losers

Of the 160 stocks in our large-cap index, only 36 constituents were lower (see large-cap stock chart below). Corning Incorporated (NYSE:GLW) was the big loser, down more than 10 percent during the trading day.

The stock price suffered throughout the trading day after a poor earnings release. In the after-hours, GLW gained ten cents to $13.15. There was a bid of $13.00 on 1,000 shares and an ask of $13.42 on 400 shares.

The share price of Google Inc (NASDAQ:GOOG) fell nearly two percent during the trading day. An anti-trust lawsuit and change in their privacy policy could have triggered a small sell-off.

In the after-hours the share price of GOOG is up 27 cents to $569.49. There was a wide range between the ask and bid price.

All of the S&P sectors did well Wednesday (see the sector chart below). Both GLW and GOOG are constituents of the info-tech sector, which was up 0.98 percent. Big gains were seen in the material sector, up 1.59 percent on the day.

The lingering cruise ship disaster in the Mediterranean didn’t help shares of Carnival Corporation (NYSE:CCL). The stock price fell nearly two percent on heavy volume, up 33 percent above average.

CCL continued to slide in the after-hours, down another ten cents to $31.05.

News Corp (NASDAQ:NWSA) was another large-cap loser. There was news that Beyond Oblivion, a digital music startup backed by News Corp, failed. The hacking scandal was in the news again Wednesday.

The share price of ConocoPhillips (NYSE:COP) was down nearly one percent during the trading day. While profits jumped more than 60 percent last quarter, there are production concerns.

World Markets

Many exchanges in Asia were closed again Wednesday for the Spring Festival and Chinese New Year celebration. Markets in India, Korea and Australia showed some strong to moderate gains (see world market chart below).

In Europe, most stock markets were lower. The DAX (Germany) was higher; however the CAC-40 and the FTSE 100 (England) were lower.

The DJIA, the S&P 500 and NASDAQ indexes were all higher, thanks to a surge in the afternoon.

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